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Ambrin Corp. expects to receive $ 2 , 0 0 0 per year for 1 0 years and $ 3 , 5 0 0 per

Ambrin Corp. expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. What is the present value of this 20-year cash flow? Use an 11% discount rate.
a. $27,872
b. $15,927 Incorrect
c. $32,391
d. $19,038
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